Yes, the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is still alive in Philadelphia, though some aspects have become more challenging in recent years due to shifts in market dynamics.If you’re considering BRRRR in Philadelphia, areas with recent or upcoming developments, like parts of West Philadelphia, Brewerytown, and sections of Northeast Philadelphia, can still present good opportunities, but base everything on section 8 rents to see if the DSCR and LTV makes sense

This kind of system could really shift the dynamics and possibly make the process fairer for both buyers and sellers."

Than the assorted $ chasing those massive shifts, and working to anticipate the next in there trades.

Should I continue to look in that area or shift my focus back to the expanding west loop? 

After spending years in the car business, I decided to make a bold shift into real estate.

Home sales have reached their lowest point since 2010, driven not solely by high interest rates and low inventory but by shifts in household incomes and confidence.As fewer people search for homes, this altered sentiment trickles up, impacting business and investor confidence.

I'd assume that it's just that it's such an old house, it's a bit drafty and it shifts in the wind and that's what causes the phenomena, but who knows?

Perhaps shifting your mental to approach to a continuum of "Least Optimal" to "Most Optimal" is better phrasing. 

I recently shifted my career to focus mainly on real estate investing, so I'll need some help with creative financing as I don't have a standard 9-5 like many others.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!